Oklahoma Entrepreneur Secures Financing to Buy Pearle Vision Center Franchise

Borrowing money to buy a Pearle Vision Center franchise? Cit Small Business Lending Corp has a history of making these loans and they are guaranteed by the SBA.

An entrepreneur in Tulsa, Oklahoma needed money to invest in a Pearle Vision Center franchise back in 2003. Cit Small Business Lending Corp issued an SBA franchise loan. Here are the details on this Oklahoma small business loan.

SBA Loan Borrower

PEARLE VISION
4905 A EAST 41ST STREET
TULSA, OK 74135

SBA Loan Lender

CIT SMALL BUSINESS LENDING CORP
1 CIT DRIVE
LIVINGSTON, NJ 07039

This loan was a SBA 7A loan, which means it originated at a lending institution and the SBA provide a guaranty on a portion or percentage of the loan.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

621320 - Offices of Optometrists

Loan Approval Date

1/16/2003

Loan Approval Gross Amount

$250,000

Loan Approval from the SBA

Of the total $250,000 loan amount, the SBA guaranteed $187,500.

More Information on This SBA Loan

The borrower, Pearle Vision, borrowed this money for an existing business. This loan was used to buy a Pearle Vision Center franchise. At the time of the loan, the company had only one employee. The loan application did not indicate that the business planned to use the loan proceeds to increase staffing levels or retain any existing employees. This loan was paid in full, and was closed out on 10/3/2007.

Great, But How Can I Get an SBA Loan for My Business?

If you need money to start a small business or need money to grow a business, an SBA loan can be a great way to raise money

Your solution for where to find money to start a business may be an SBA guaranteed loan. Pearle Vision recognized that the SBA offers great programs for new and growing businesses. Now it's your turn. Talk to a banker to start the process.

About This SBA Loan Information:

All SBA loan data displayed above comes from the government's SBA loan database.

Related Links:

Pearle Vision

Small Business Loan

SBA Approved Banks in Livingston, New Jersey

SBA Participating Banks in New Jersey

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